Markets

DAX – The resistance became support

Yesterday the DAX® took out the most recent highs at 12,875 points and climbed to 12,950 points at times. In the aftermath, however, there was strong headwind for the bulls. However, the index can already recover strongly from this this morning.

The previous resistance level around 12,870 / 75 points now acts as a support zone and a decisive chart mark for the further course of the year. Above the outlined zone, buyers can continue to hope for a continuation towards the 13,000 mark and higher.

However, if the index falls below the support discussed at the hourly closing rate, follow-up orders on the downside are to be expected. In that case, the 12,700 mark would soon be back on the agenda. As is so often the case, the decision will be made in the afternoon at the US session. Tonight, the minutes of the latest Fed meeting must be observed. These will be published at 8 p.m.

DAX® in points hourly chart; 1 candle = 1 hour (logical candle chart display)

Observation period: 17.09.2020 – 07.10.2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

DAX® in points monthly chart; 1 candle = 1 month (logical candle chart display)

Observation period: October 1, 2015 – October 7, 2020. Historical considerations are not reliable indicators of future developments. Source: Guidants.com

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Turbo Bull on DAX® Index for speculation on an increase in the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.leverlast valuation day
DAX® indexHR0G3N 19.1710,9756.7010/30/2020
DAX® indexHR16F6 6.9712,20018.78December 15, 2020
Source: HypoVereinsbank onemarkets; 07/10/2020; 11:19 am

Turbo Bear on DAX® Index for speculation on a price loss of the index

UnderlyingWKNSelling price in EURBase price / knock-out in pts.leverlast valuation day
DAX® indexHR14JZ 28.8915,7254.4611/30/2020
DAX® indexHR15JY 18.8614,7256.8211/30/2020
Source: HypoVereinsbank onemarkets; 07/10/2020; 11:19 am
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The contribution DAX – The resistance was in support first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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